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Bramesh
Another sideways day and low volume tommrow Jupiter is going Direct so we can see range expnasion in Bank NIfty.
Bank Nifty moved as discussed in video and price moved from 1 purple line to another as per our Gann Master Level Indicator and we also saw the impact of Jupiter Direct and we will see another gap up open today. Price has aslo taken support at Gann Angle line.
For Swing Trade Bulls need to move above 42818 for a move towards 43024/43229/43435 . Bears will get active below 42613 for a move towards 42408/42202.
Bank Nifty Bulls need to ceoss 42886-42950 range, 42886 is Musical Octave Number and 42950 is the Harmonic ABCS PRZ Zone.
Intraday time for reversal can be at 9:51/11:31/12:41/1:48/2:21How to Find and Trade Intraday Reversal Times
Bank Nifty Nov Future Open Interest Volume is at 13.1 lakh with liquidation of 5.9 Lakh contract , with increase in Cost of Carry suggesting Long positions were closed today.
Till Bank Nifty is above 42454 on closing basis Bulls will have upper hand.
Bank Nifty as per musical octave trading path can be 40518-41724-42929 take the side and ride the move !!
Maximum Call open interest of 52 lakh contracts was seen at 43000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 44 lakh contracts was seen at 42500 strike, which will act as a crucial Support level.
MAX Pain is at 42800 and PCR @0.92 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Most Of The Money You Will Earn Trading Will Be Easy Money. You Will See Something On Your Screen That Signals A Great Trading Opportunity For You And You Will Pounce. But These Great Opportunities Present Themselves Only Because You Have Watched Your Stock(S) And Gathered Valuable Information
For Positional Traders Trend Change Level is 41914 on Futures go long and short above/below it That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 42434 will act as a Intraday Trend Change Level.
Intraday Trading Levels
Buy Above 42875 Tgt 43000, 43178 and 43323 (Bank Nifty Spot Levels)
Sell Below 42700 Tgt 42570, 42411 and 42266 (Bank Nifty Spot Levels)
Upper End of Expiry : 43236
Lower End of Expiry : 42563
As always I wish you maximum health and trading success
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